New Acquisitions - September-October 2000

     BANCO DE ESPANA.  Servicio de Estudios.                            

     2000-6 Alberola, Enrique & Molina, Luis.  Fiscal discipline and    
            exchange rate regimes: a case for currency boards?  38p.   
     2000-5 Binder, Michael, Hsiao, Cheng & Pesaran, M. Hashem.         
            Estimation and inference in short panel vector              
            autoregressions with unit roots and cointegration.  37p.    
     2000-8 Bover, Olympia & Watson, Nadine.  Are there economies of    
            scale in the demand for money by firms?: some panel data    
            estimates.  42p.                                            
     2000-3 Gordo, Luis & Hernandez de Cos, Pablo.  The financing       
            arrangements for the regional (Autonomous) governments for  
            the period 1997-2001.  41p.                                 

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     2000-20 Baba, Naohiko.  Uncertainty, monitoring costs, and private  
            banks' lending decisions in a duopolistic loan market: a    
            game-theoretic real options approach.  35p.                 
     2000-19 McKinnon, Ronald & Ohno, Kenichi.  The foreign exchange     
            origins of Japan's economic slump and low interest liquidity
            trap.  48p.                                                 
     2000-21 Miyajima, Shigeki & Weber, Warren E.  A comparison of       
            national banks in Japan and the United States between 1872  
            and 1885.  34p.                                             
     2000-23 Svensson, Lars E.O.  The zero bound in an open economy: a   
            foolproof way of escaping from a liquidity trap.  44p.      
     2000-22 Tachibanaki, Toshiaki, Fujuki, Hiroshi & Nakada, Sachiko K. 
            Structural issues in the Japanese labor market: an era of   
            variety, equity and efficiency or an era of bipolarization. 
            80p.                                                        

     BOSTON UNIVERSITY.  Dept. of Economics-Industry Studies Program.   

     99     Ash, Arlene, et al.  Using diagnoses to describe populations
            and predict costs.  56p.                                    
     102    Biglaiser, Gary & Ma, Ching-to Albert.  Price and quality   
            competition under adverse selection: organization and       
            efficiency.  29p.                                           
     101    Lu, Mingshan, Ma, Ching-to Albert & Yuan, Lasheng.  Risk    
            selection and matching in performance-based contracting.    
            33p.                                                        
     98     Rodriguez-Planas, Nuria.  Can asymmetric information solve  
            puzzles from the reemployment bonus experiments?  31p.     
     100    Rysman, Marc.  Competition policy as strategic trade.  27p. 
     97     Shen, Yujing & Ellis, Randall P.  Cost-minimizing risk      
            adjustment.  28p.                                           

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     283    Charness, Gary & Rabin, Matthew.  Social preferences: some  
            simple tests and a new model.  68p.                         
     286    Farrell, Joseph & Katz, Michael L.  Innovation, rent        
            extraction, and integration in systems markets.  38p.       
     289    Huber, Joel & Train, Kenneth.  On the similarity of         
            classical and Bayesian estimates of individual mean         
            partworths.  16p.                                           
     284    Loewenstein, George, O'Donoghue, Ted & Rabin, Matthew.      
            Projection bias in predicting future utility.  51p.         
     281    O'Donoghue, Ted & Rabin, Matthew.  Choice and               
            procrastination.  17p.                                      
     285    O'Donoghue, Ted & Rabin, Matthew.  Risky behavior among     
            youths: some issues from behavioral economics.  42p.        
     280    Rabin, Matthew.  Bargaining structure, fairness and         
            efficiency.  18p.                                           
     287    Rabin, Matthew.  Diminishing marginal utility of wealth     
            cannot explain risk aversion.  10p.                         
     282    Rabin, Matthew.  Inference by believers in the law of small 
            numbers.  52p.                                              
     279    Rabin, Matthew.  Risk aversion and expected-utility theory: 
            a calibration theorem.  13p.                                
     288    Schankerman, Mark & Scotchmer, Suzanne.  Damages and        
            injunctions in protecting proprietary research tools.  36p. 

     UNIV. OF CALIFORNIA-BERKELEY. Ctr. for Int'l. & Devel. Econ. Res.  

     114    Eichengreen, Barry & Mody, Ashoka.  Would collective action 
            clauses raise borrowing costs?: an update and additional    
            results.  17p.                                              
     113    Geraats, Patra M.  Why adopt transparency?: the publication 
            of central bank forecasts.  33p.                            
     110    Martin, Philippe & Roy, Helene.  Financial super-markets:   
            size matters for asset trade.  28p.                         
     112    Obstfeld, Maurice & Rogoff, Kenneth.  The six major puzzles 
            in international economics: is there a common cause?  65p. 
     111    Portes, Richard & Roy, Helene.  The determinants of         
            cross-border equity flows: the geography of information.    
            47p.                                                        

     UNIVERSITY OF CAMBRIDGE.  Department of Applied Economics.         

     2000-3 Binder, Michael, Hsiao, Cheng & Pesaran, M. Hashem.         
            Estimation and inference in short panel vector              
            autoregressions with unit roots and cointegration.  61p.    
     2000-5 Coe, Patrick, Pesaran, M. Hashem & Vahey, Shaun P.  The cost
            efficiency of U.K. debt management: a recursive modelling   
            approach.  42p.                                             
     2000-4 Garratt, Anthony, et al.  Forecast uncertainties to         
            macroeconometric modelling: an application to the U.K.      
            economy.  52p.                                              
     2000-2 Green, Richard & McDaniel, Tanga.  Modelling RETA: a model  
            of forward trading and the balancing mechanism.  10p.       
     2000-2 Green, Richard.  Rebidding in the balancing mechanism: an   
            economic analysis.  13p.                                    
     2000-6 Redmond, Gerry & Kattuman, Paul.  Employment polarisation   
            and inequality in the U.K. and Hungary.  19p.               

     COLUMBIA UNIVERSITY. Grad. School of Business-Paine Webber Series. 

     9912   Amir, Eli, Lev, Baruch & Sougiannis, Theodore.  What value  
            analysts?  41p.                                            
     2000-2 Harris, Trevor S., Hubbard, R. Glenn & Kemsley, Deen.  The  
            share price effects of dividend taxes and tax imputation    
            credits.  44p.                                              
     2000-1 Hodrick, Robert & Vassalou, Maria.  Do we need multi-country
            models to explain exchange rate and interest rate dynamics?
             25p.                                                       
     9911   Liew, Jimmy & Vassalou, Maria.  Can book-to-market, size and
            momentum be risk factors that predict economic growth?     
            30p.                                                        
     2000-3 Sundaresan, Suresh M.  Continuous-time methods in finance: a
            review and an assessment.  101p.                            
     9910   Vassalou, Maria.  Exchange rate and foreign inflation risk  
            premiums in global equity returns.  55p.                    

     UNIVERSITY OF COPENHAGEN.  Centre for Industrial Economics.        

     2000-3 Amir, Rabah.  Market structure, scale economies and industry
            performance.  30p.                                          
     2000-2 Bennedsen, Morten & Feldmann, Sven E.  Informational        
            lobbying and political contributions.  32p.                 
     2000-4 Bennedsen, Morten & Feldman, Sven E.  Lobbying legislatures.
             34p.                                                       

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1268   Aura, Saku, Diamond, Peter & Geanakoplos, John.  Savings and
            portfolio choice in a two-period two-asset model.  9p.      
     1264   Phillips, Peter C.B.  Trending time series and macroeconomic
            activity: some present and future challenges.  7p.          
     1270   Scarf, Herbert E.  Optimal inventory policies when sales are
            discretionary.  10p.                                        
     1266   Shimotsu, Katsumi & Phillips, Peter C.B.  Local Whittle     
            estimation in nonstationary and unit root cases.  37p.      
     1265   Shimotsu, Katsumi & Phillips, Peter C.B.  Modified local    
            Whittle estimation of the memory parameter in the           
            nonstationary case.  54p.                                   
     1267   Shimotsu, Katsumi & Phillips, Peter C.B.  Pooled log        
            periodogram regression.  46p.                               

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     2498   Acemoglu, Daron & Zilibotti, Fabrizio.  Productivity        
            differences.  43p.                                          
     2515   Artis, Michael J. & Buti, Marco.  "Close to balance or in   
            surplus:" a policy-maker's guide to the implementation of   
            the Stability and Growth Pact.  31p.                        
     2493   Barrett, Alan M., Fitzgerald, John & Nolan, Brian.  Earnings
            inequallity, returns to education and immigration into      
            Ireland.  34p.                                              
     2495   Besley, Timothy & Coate, Stephen.  Centralized versus       
            decentralized provision of local public goods: a political  
            economy analysis.  43p.                                     
     2500   Bohelm, Rene & Taylor, Mark.  Unemployment, duration and    
            exit states in Britain.  36p.                               
     2517   Bonfiglioli, Alessandra & Favero, Carlo A.  Measuring       
            co-movements between U.S. and European stock markets.  41p. 
     2514   Buonanno, Paolo, et al.  Emission trading restrictions with 
            endogenous technological change.  16p.                      
     2512   Burgess, Simon, et al.  Measuring income risk.  39p.        
     2496   Casella, Alessandra.  Games for central bankers: markets vs.
            politics in public policy decisions.  29p.                  
     2504   Decamps, Jean Paul & Faure-Grimaud, Antoine.  Excessive     
            continuation and dynamic agency costs of debt.  43p.        
     2508   Dedola, Luca & Lippi, Francesco.  The monetary transmission 
            mechanism: evidence from the industries of five OECD        
            countries.  43p.                                            
     2518   Denny, Kevin J. & Harmon, Colm P.  Education policy reform  
            and the return to schooling from instrumental variables.    
            13p.                                                        
     2505   Faure-Grimaud, Antoine & Gromb, Denis.  Public trading and  
            private incentives.  32p.                                   
     2507   Flood, Robert P. & Jeanne, Olivier.  An interest rate       
            defence of a fixed exchange rate?  18p.                    
     2509   Forni, Mario & Lippi, Marco.  The generalized dynamic factor
            model: representation theory.  32p.                         
     2499   Giordani, Paolo & Soderlind, Paul.  Inflation forecast      
            uncertainty.  23p.                                          
     2497   Hassler, John, Rodriguez-Mora, Jose V. & Zeira, Joseph.     
            Inequality and mobility.  27p.                              
     2510   Hau, Harald, Killeen, William & Moore, Michael.  The Euro as
            an international currency: explaining puzzling first        
            evidence.  26p.                                             
     2511   Lane, Philip R. & Milesi-Ferretti, Gian Maria.  The transfer
            problem revisited: net foreign assets and real exchange     
            rates.  33p.                                                
     2503   Luttmer, Erzo G.J. & Mariotti, Thomas.  Subjective discount 
            factors.  43p.                                              
     2502   Nielsen, Helena S., et al.  Hit twice?: Danish evidence on  
            the double-negative effect on the wages of immigrant women. 
            21p.                                                        
     2513   Propper, Carol, Rees, Hadley & Green, Katherine.  The demand
            for private medical insurance in the U.K.: a cohort         
            analysis.  24p.                                             
     2501   Roland, Gerard & Verdier, Thierry.  Law enforcement and     
            transition.  32p.                                           
     2494   van den Berg, Gerard J. & van der Klaauw, Bas.  Combining   
            micro and macro unemployment duration data.  39p.           
     2506   Ward, Melanie.  Gender, salary and promotion in the academic
            profession.  24p.                                           

     UNIVERSITY OF ESSEX.  Department of Economics.                     

     512    Muthoo, Abhinay.  On the foundations of basic property      
            rights, part 1: a model of the state of nature with two     
            players.  51p.                                              
     513    Richmond, J. & Lynde, Catherine.  Cost inefficiencies in    
            U.K. manufacturing.  31p.                                   
     514    Richmond, J. & Lynde, Catherine.  Measuring efficiency and  
            costing slack.  30p.                                        
     511    Symeonidis, George.  Are cartel laws bad for business?:     
            evidence from the U.K.  45p.                                
     515    Symeonidis, George.  Cartel stability with multiproduct     
            firms.  19p.                                                

     EUROPEAN UNIVERSITY INSTITUTE.  Department of Economics.           

     9924   Artis, Mike, Krolzig, Hans-Martin & Toro, Juan.  The        
            European business cycle.  44p.                              
     9935   Benhabib, Jess & Farmer, Roger E.A.  The monetary           
            transmission mechanism.  81p.                               
     9934   Bennett, Rosalind L. & Farmer, Roger E.A.  Indeterminacy    
            with non-separable utility.  28p.                           
     9933   Farmer, Roger E.A.  Two new Keynesian theories of sticky    
            prices.  52p.                                               

     THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.        

     2000-8 Ahituv, Avner.  Employment and earnings structure: evidence 
            from Israel.  39p.                                          
     2000-9 Maoz, Yishay & Moav, Omer.  Capital-skill complementarity,  
            inequality and development.  29p.                           
     2000-7 Volij, Oscar.  Public education, communities and vouchers.  
            28p.                                                        

     FONDAZIONE ENI ENRICO MATTEI.                                      

     47/2000 Gautier, Axel & Paoloni, Dimitri.  Delegation and           
            information revelation.  29p.                               
     48/2000 Papandreou, Andreas.  Externality, convexity and            
            institutions.  28p.                                         

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     2000-8 French, Eric.  The labor supply response to (mismeasured    
            but) predictable wage changes.  36p.                        

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     2000-4 Koenig, Evan F., Dolmas, Sheila & Piger, Jeremy.  The use   
            and abuse of "real-time" data in economic forecasting.  29p.

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     278    Alvarez, Fernando, Atkeson, Andrew & Kehoe, Patrick J.      
            Money, interest rates, and exchange rates with endogenously 
            segmented markets.  38p.                                    
     256r   Atkeson, Andrew & Kehoe, Patrick J.  Paths of development   
            for early- and late-bloomers in a dynamic Heckscher-Ohlin   
            model.  20p.                                                
     279    Boldrin, Michele & Levine, David K.  Growth cycles and      
            market crashes.  33p.                                       
     277    Chari, V.V., Kehoe, Patrick J. & McGrattan, Ellen R.  Can   
            sticky price models generate volatile and persistent real   
            exchange rates?  51p.                                      
     276    Jones, Larry E. & Manuelli, Rodolfo E.  Endogenous policy   
            choice: the case of pollution and growth.  51p.             

     FED RESERVE BANK OF MPLS-UNIV OF MINN.  Inst. for Empirical Macro. 

     136    Imrohoroglu, Ayse, Imrohoroglu, Selahattin & Joines, Douglas
            H.  Time inconsistent preferences and social security.  42p.

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     2000-6 Croushore, Dean & Stark, Tom.  A real-time data set for     
            macroeconomists: does data vintage matter for forecasting? 
            29p.                                                        
     2000-7 Khan, Aubhik & Ravikumar, B.  Costly technology adoption and
            capital accumulation.  39p.                                 

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     2000-39 Berger, Allen N., Kyle, Margaret K. & Scalise, Joseph M.    
            Did U.S. bank supervisors get tougher during the credit     
            crunch?  Did they get easier during the banking boom?  Did  
            it matter to bank lending?  54p.                            
     2000-37 Berger, Allen N., DeYoung, Robert & Udell, Gregory F.       
            Efficiency barriers to the consolidation of the European    
            financial services industry.  18p.                          

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     676    Christiano, Larwrence J. & Gust, Christopher.  The          
            expectations trap hypothesis.  40p.                         
     680    Freund, Caroline L.  Spaghetti regionalism.  19p.           
     679    Karceski, Jason, Ongena, Steven & Smith, David C.  The      
            impact of bank consolidation on commercial borrower welfare.
             38p.                                                       
     681    Kim, Chang-Jin & Piger, Jeremy.  Common stochastic trends,  
            common cycles, and asymmetry in economic fluctuations.  37p.
     678    Marquez, Jaime & Workman, Lisa.  Modeling the IMF's         
            statistical discrepany in the global current account.  32p. 
     677    Warnock, M.V. Cacdac & Warnock, Francis E.  The declining   
            volatility of U.S. employment: was Arthur Burns right?     
            28p.                                                        

     FEDERAL TRADE COMMISSION.  Bureau of Economics.                    

     232    Thompson, Aileen J.  Import competition and market power:   
            Canadian evidence.  31p.                                    
     233    Wickelgren, Abraham L.  Innovation, market structure and the
            holdup problem with horizontal product differentiation.     
            45p.                                                        

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1902   Calvet, Laurent & Fisher, Adlai.  Forecasting multifractal  
            volatility.  36p.                                           
     1900   Campbell, John Y. & Ludvigson, Sydney.  Elasticities of     
            substitution in real business cycle models with home        
            production.  43p.                                           
     1899   Campbell, John Y., et al.  Stock market mean reversion and  
            the optimal equity allocation of a long-lived investor.     
            25p.                                                        
     1901   Glaeser, Edward L., Kolko, Jed & Saiz, Albert.  Consumer    
            city.  42p.                                                 

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     219    Ben-Shoham, Assaf, Serrano, Roberto & Volij, Oscar.  The    
            evolution of exchange.  17p.                                
     221    Kaplan, Todd R. & Zamir, Shmuel.  The strategic use of      
            seller information in private-value auctions.  42p.         
     223    Keiding, Hans & Peleg, Bezalel.  Representation of          
            effectivity functions in coalition proof Nash equilibrium: a
            complete characterization.  25p.                            
     220    Volij, Oscar.  In defense of defect.  14p.                  
     222    Zamir, Shmuel.  Rationality and emotions in ultimatum       
            bargaining.  32p.                                           

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     2000-25 Brodaty, Thomas, Crepon, Bruno & Fougere, Denis.  Using     
            matching estimators to evaluate alternative youth employment
            programs: evidence from France, 1986-1988.  41p.            
     2000-26 Darolles, S., Florens, J.P. & Gourieroux, C.  Factor ARMA   
            representation of a Markov process.  7p.                    
     2000-23 Grasselli, M.  A stability result for the hyperbolic        
            absolute risk aversion (HARA) class with stochastic interest
            rates.  33p.                                                
     2000-22 Waelbroeck, P.  Effects of information sources on innovation
            decisions: Bayesian analysis of the sequential probit model.
             26p.                                                       

     LA TROBE UNIVERSITY.  Department of Economics.                     

     2000-7 Hawarthna, Ramya.  The P-star model in Australia and New    
            Zealand.  17p.                                              
     2000-5 Joiner, Alex.  The costs of inflation and unemployment in   
            Australia.  25p.                                            
     2000-6 Prentice, David & Yin, Xiangkang.  Measuring                
            quality-adjusted inflation rates for a heterogeneous        
            oligopoly.  40p.                                            

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     354    Bhattacharya, Sudipto, et al.  Bank capital regulation with 
            random audits.  30p.                                        
     353    Brusco, Sandro & Panunzi, Fausto.  Reallocation of corporate
            resources and managerial incentives in internal capital     
            markets.  24p.                                              
     352    Luttmer, Erzo G.J. & Mariotti, Thomas.  Subjective discount 
            factors.  42p.                                              

     LONDON SCHOOL OF ECONOMICS.  Int'l. Centre for Econ & Related Disc.

     401    Diaz-Moreno, Carlos & Galdon-Sanchez, Jose E.  Collective   
            bargaining under complete information.  32p.                

     UNIVERSITY COLLEGE LONDON.  Department of Economics.               

     2000-2 Chick, Victoria & Dow, Sheila C.  Formalism, logic and      
            reality: a Keynesian analysis.  27p.                        
     9907   Crawford, Ian A.  Nonparametric tests of stochastic         
            dominance in bivariate distributions, with an application to
            U.K. data.  18p.                                            
     9906   Moscarini, Guiseppe & Ottaviani, Marco.  Price competition  
            for an informed buyer.  45p.                                
     9905   Ottaviani, Marco & Sorensen, Peter.  Notes on reputational  
            cheap talk.  43p.                                           
     9904   Ottaviani, Marco & Sorensen, Peter.  Professional advice.   
            26p.                                                        
     2000-1 Preston, Ian & Szymanski, Stefan.  Racial discrimination in 
            English football.  26p.                                     

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     8/2000 Bradford, Wylie.  Rawls and Meade: unfortunate bedfellows? 
            17p.                                                        
     7/2000 Heaton, Chris & Solo, Victor.  Dynamic factor analysis with 
            ARMA factors.  13p.                                         

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     756    Creedy, John.  Exact welfare measurement using Marshallian  
            demand functions.  22p.                                     
     755    Creedy, John.  Labour supply and welfare with piecewise     
            linear budget constraints: an introduction.  28p.           
     757    Creedy, John.  Starting research.  16p.                     
     762    Creedy, John.  TaxTrans: computer assisted learning software
            for the analysis of taxes and transfers in general and      
            partial equilibrium.  37p.                                  
     753    Creedy, John & Wurzbacher, Anke D.  The economic value of a 
            forested catchment with timber, water and carbon            
            sequestration benefits.  27p.                               
     752    Creedy, John & Scutella, Rosanna.  Means-tested benefits,   
            incentives and earnings distributions.  26p.                
     761    Creedy, John, et al.  Wage functions: Australian estimates  
            using the Income Distribution Survey.  24p.                 
     759    Ironmonger, Duncan.  Household production and the household 
            economy.  13p.                                              
     760    Ma, Leanne, et al.  Altruism and voluntary provision of     
            public goods.  16p.                                         
     758    Perkins, J.O.N.  Some current issues of international       
            monetary policy.  17p.                                      
     754    Shepherd, David & Dixon, Robert.  Misleading regressions    
            with constructed variables.  37p.                           

     MONASH UNIVERSITY.  Department of Econometrics & Bus. Statistics.  

     8/2000 Chalmers, Jenny & Kalb, Guyonne.  Are casual jobs a freeway 
            to permanent employment?: comparing the direct route from   
            unemployment to permanent work with the route via casual work. 
 	    35p.    
     7/2000 Forbes, Catherine S., Snyder, Ralph D. & Shami, Roland G.   
            Bayesian exponential smoothing.  21p.                       
     9/2000 Hyndman, Rob J., et al.  A state space framework for        
            automatic forecasting using exponential smoothing methods.  
            20p.                                                        
     5/2000 Martin, Gael M., Forbes, Catherine S. & Martin, Vance L.    
            Implicit Bayesian inference using option prices.  35p.      
     6/2000 Strachan, Rodney W.  Valid Bayesian estimation of the       
            cointegrating error correction model.  32p.                 

     UNIVERSITE DE MONTREAL.  Departement de Sciences Economiques.      

     2000-8 Ambec, Stefan & Sprumont, Yves.  Sharing a river.  18p.     
     2000-5 Ambler, Steve, Cardia, Emanuela & Zimmermann, Christian.    
            International business cycles: what are the facts?  20p.   
     2000-6 Ambler, Steve, Cardia, Emanuela & Zimmermann, Christian.    
            International transmission of the business cycle in a       
            multi-sector model.  34p.                                   
     2000-9 Bossert, Walter & Sprumont, Yves.  Core rationalizability in
            two-agent exchange economies.  14p.                         
     9913   Cardia, Emanuela, Kozhaya, Norma & Ruge-Murcia, Francisco J.
             Distortionary taxation and labor supply: evidence from     
            Canada.  33p.                                               
     2000-4 Cardia, Emanuela & Ng, Serena.  How important are           
            intergenerational transfers of time?: a macroeconomic       
            analysis.  24p.                                             
     2000-11 Dufour, Jean-Marie & Khalaf, Lynda.  Exact tests for        
            contemporaneous correlation of disturbances in seemingly    
            unrelated regressions.  28p.                                
     2000-12 Dufour, Jean-Marie & Torres, Olivier.  Markovian processes, 
            two-sided autoregressions and finite-sample inference for   
            stationary and nonstationary autoregressive processes.  35p.
     2000-10 Dufour, Jean-Marie & Khalaf, Lynda.  Simulation-based finite
            and large sample tests in multivariate regressions.  24p.   
     2000-7 Erutku, Can & Richelle, Yves.  Optimal licensing contracts  
            and the value of a patent.  40p.                            
     2000-1 Garcia, Rene & Renault, Eric.  Latent variable models for   
            stochastic discount factors.  31p.                          
     9911   Linton, Oliver & Perron, Benoit.  The shape of the risk     
            premium: evidence from a semiparametric GARCH model.  35p.  
     2000-3 Moon, Hyungsik R. & Perron, Benoit.  The seemingly unrelated
            dynamic cointegration regression model and testing for      
            purchasing power parity.  18p.                              
     9912   Perron, Benoit.  Jumps in the volatility of financial       
            markets.  31p.                                              

     UNIVERSITY OF MUNICH.  Center for Economic Studies.                

     299    Asheim, Geir B. & Buchholz, Wolfgang.  The Hartwick rule:   
            myths and facts.  30p.                                      
     302    Bos, Dieter & Kolmar, Martin.  Self-correcting mechanisms in
            public procurement: why award and contract should be        
            separated.  28p.                                            
     303    Buiter, Willem H.  The fallacy of the fiscal theory of the  
            price level, again.  51p.                                   
     292    Cornelli, Francesca & Felli, Leonardo.  How to sell a       
            (bankrupt) company.  36p.                                   
     293    Danziger, Leif & Hansen, Claus T.  On the output-inflation  
            relationship when price and quantity adjustments are costly.
             12p.                                                       
     291    Felli, Leonardo & Merlo, Antonio.  Endogenous lobbying.     
            44p.                                                        
     301    Frisch, Helmut & Staudinger, Sylvia.  Inflation targeting   
            versus nominal income targeting.  18p.                      
     300    Ghosh, Madanmohan & Whalley, John.  State-owned enterprises,
            shirking and trade liberalization.  30p.                    
     294    Glejser, Herbert.  Decreasing returns to scale for the small
            country due to scarcity or indivisibility: a test on sport. 
            72p.                                                        
     297    Heer, Burkhard.  Employment and welfare effects of a        
            two-tier unemployment compensation system.  27p.            
     296    Heer, Burkhard.  Welfare costs of inflation in a dynamic    
            economy with search unemployment and endogenous growth.     
            20p.                                                        
     295    Holmlund, Bertil & Kolm, Ann-Sofie.  International spillover
            effects of sectoral tax differentiation in unionized        
            economies.  27p.                                            
     304    Holzmann, Robert.  Can investments in emerging markets help 
            to solve the aging problem?  22p.                          
     290    Huck, Steffan, Muller, Wieland & Norman, Hans-Theo.         
            Strategic delegation in experimental markets.  18p.         
     298    Koskela, Erkki, Ollikainen, Markku & Puhakka, Mikko.        
            Saddles, indeterminacy and bifurcations in an overlapping   
            generations economy with a renewable resource.  35p.        
     289    Viaene, Jean-Marie & Zilcha, Itzhak.  Optimal education with
            mobile capital: an OLG approach.  33p.                      

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     7800   Acemoglu, Daron.  Technical change, inequality, and the     
            labor market.  84p.                                         
     7843   Adams, James D., Chiang, Eric P. & Starkey, Katara.         
            Industry-university cooperative research centers.  29p.     
     7859   Alesina, Alberto, Baqir, Reza & Hoxby, Caroline.  Political 
            jurisdictions in heterogeneous communities.  51p.           
     7832   Altman, Daniel, Cutler, David M. & Zeckhauser, Richard J.   
            Enrolee mix, treatment intensity, and cost in competing     
            indemnity and HMO plans.  41p.                              
     7831   Altonji, Joseph G., Elder, Todd E. & Taber, Christopher R.  
            Selection on observed and unobserved variables: assessing   
            the effectiveness of Catholic schools.  63p.                
     7871   Alvarez, Fernando, Atkeson, Andrew & Kehoe, Patrick J.      
            Money, interest rates and exchange rates with endogenously  
            segmented asset markets.  39p.                              
     7821   Auerbach, Alan J. & Hassett, Kevin A.  On the marginal      
            source of investment funds.  50p.                           
     7837   Auerbach, Alan J. & Gale, William G.  Perspectives on the   
            budget surplus.  27p.                                       
     7822   Bagwell, Kyle & Staiger, Robert W.  Strategic trade,        
            competitive industries and agricultural trade disputes.     
            20p.                                                        
     7883   Baker, Laurence C. & Phibbs, Ciaran S.  Managed care,       
            technology adoption, and health care: the adoption of       
            neonatal intensive care.  44p.                              
     7793   Banerjee, Abhijit V. & Duflo, Esther.  Inequality and       
            growth: what can the data say?  44p.                       
     7816   Berndt, Ernst R., et al.  The medical treatment of          
            depression, 1991-1996: productive inefficiency, expected    
            outcome variations, and price indexes.  29p.                
     7806   Blau, David M.  Child care subsidy programs.  93p.          
     7827   Blouin, Jennifer L., Reedy, Jana S. & Shackelford, Douglas  
            A.  Capital gains holding periods and equity trading:       
            evidence from the 1998 Tax Act.  37p.                       
     7868   Borenstein, Severin, Bushnell, James & Wolak, Frank.        
            Diagnosing market power in California's restructured        
            wholesale electricity market.  51p.                         
     7812   Brown, Jeffrey R., Mitchell, Olivia S. & Poterba, James M.  
            Mortality risk, inflation risk, and annuity products.  32p. 
     7862   Burstein, Ariel T., Neves, Joao C. & Rebelo, Sergio.        
            Distribution costs and real exchange rate dynamics during   
            exchange rate based stabilizations.  50p.                   
     7849   Caballero, Ricardo J. & Hammour, Mohamad L.  Creative       
            destruction and development: institutions, crises and       
            restructuring.  41p.                                        
     7863   Carlton, Dennis W. & Weiss, Avi.  The economics of religion,
            Jewish survival and Jewish attitudes toward competition on  
            Torah education.  28p.                                      
     7826   Carroll, Christopher D.  Portfolios of the rich.  42p.      
     7839   Carroll, Christopher D.  "Risky habits" and the marginal    
            propensity to consume out of permanent income, or, how much 
            would a permanent tax cut boost Japanese consumption?  34p. 
     7841   Cawley, John.  Body weight and women's labor market         
            outcomes.  40p.                                             
     7840   Cespedes, Luis F., Chang, Roberto & Velasco, Andres.        
            Balance sheets and exchange rate policy.  47p.              
     7869   Chari, V.V., Kehoe, Patrick J. & McGrattan, Ellen R.  Can   
            sticky price models generate volatile and persistent real   
            exchange rates?  51p.                                      
     7878   Choi, James J., Laibson, David & Metrick, Andrew.  Does the 
            internet increase trading?: evidence from investor behavior 
            in 401(k) plans.  46p.                                      
     7809   Christiano, Lawrence J. & Gust, Christopher J.  The         
            expectations trap hypothesis.  42p.                         
     7830   Coile, Courtney & Gruber, Jonathan.  Social security and    
            retirement.  38p.                                           
     7844   Dehejia, Rajeev.  Was there a Riverside miracle?: a         
            framework for evaluating multi-site programs.  35p.         
     7860   Duflo, Esther.  Schooling and labor market consequences of  
            school construction in Indonesia: evidence from an unusual  
            policy experiment.  60p.                                    
     7789   Duggan, Mark G.  Hospital ownership and public medical      
            spending.  40p.                                             
     7813   Edwards, Sebastian & Susmel, Raul.  Interest rate volatility
            and contagion in emerging markets: evidence from the 1990s. 
            38p.                                                        
     7801   Edwards, Sebastian.  Interest rates, contagion and capital  
            controls.  39p.                                             
     7805   Ellison, Glenn.  Evolving standards for academic publishing:
            a q-r theory.  42p.                                         
     7804   Ellison, Glenn.  The slowdown of the economics publishing   
            process.  69p.                                              
     7818   Engel, Charles.  Comments on Obstfeld and Rogoff's "The six 
            major puzzles in international macroeconomics: is there a   
            common cause?"  14p.                                       
     7854   Epple, Dennis, Newlon, Elizabeth & Romano, Richard.  Ability
            tracking, school competition, and the distribution of       
            educational benefits.  55p.                                 
     7802   Epple, Dennis & Romano, Richard.  Collective choice and     
            voluntary provision of public goods.  47p.                  
     7850   Epple, Dennis & Romano, Richard.  Neighborhood schools,     
            choice, and the distribution of educational benefits.  64p. 
     7814   Feinstein, Jonathan S. & Ho, Chih-Chin.  Elderly asset      
            management and health: an empirical analysis.  39p.         
     7861   Feldstein, Martin & Ranguelova, Elena.  Accumulated pension 
            collars: a market approach to reducing the risk of          
            investment-based social security reform.  22p.              
     7807   Forbes, Kristin.  The Asian flu and Russian virus: firm     
            level evidence on how crises are transmitted                
            internationally.  63p.                                      
     7885   Forbes, Kristin & Rigobon, Roberto.  Contagion in Latin     
            America: definitions, measurement, and policy implications. 
            36p.                                                        
     7858   Frankel, Jeffrey A.  Globalization of the economy.  41p.    
     7857   Frankel, Jeffrey A. & Rose, Andrew K.  Estimating the effect
            of currency unions on trade and output.  50p.               
     7880   Fujii, Eiji & Chinn, Menzie D.  Fin de siecle real interest 
            parity.  37p.                                               
     7851   Gans, Joshua S., Hsu, David H. & Stern, Scott.  When does   
            start-up innovation spur the gale of creative destruction? 
            58p.                                                        
     7835   Galev, Evan & Rose, Stephan A.  Rebels, conformists,        
            contrarians and momentum traders.  50p.                     
     7838   Gilleskie, Donna B. & Strumpf, Koleman S.  The behavioral   
            dynamics of youth smoking.  41p.                            
     7833   Gordon, Robert J.  Does the "new economy" measure up to the 
            great inventions of the past?  65p.                        
     7829   Gruber, Jonathan.  Medicaid.  101p.                         
     7847   Hamilton, James D. & Jorda, Oscar.  A model for the Federal 
            funds rate target.  48p.                                    
     7848   Harrigan, James & Zakrajsek, Egon.  Factor supplied and     
            specialization in the world economy.  50p.                  
     7823   Haughwout, Andrew & Inman, Robert P.  Fiscal policies in    
            open cities with firms and households.  51p.                
     7820   Heckman, James & Vytlacil, Edward.  Identifying the role of 
            cognitive ability in explaining the level of and change in  
            the return to schooling.  45p.                              
     7867   Hoxby, Caroline.  Peer effects in the classroom: learning   
            from gender and race variation.  62p.                       
     7866   Hoxby, Caroline.  Would school choice change the teaching   
            profession?  53p.                                          
     7825   Irwin, Douglas A. & Temin, Peter.  The antebellum tariff on 
            cotton textiles revisited.  27p.                            
     7855   Kaminsky, Graciela, Lyons, Richard K. & Schmukler, Sergio.  
            Managers, investors, and crimes: mutual fund strategies in  
            emerging markets.  36p.                                     
     7870   Kehoe, Patrick J. & Perri, Fabrizio.  International business
            cycles with endogenous incomplete markets.  38p.            
     7845   Klein, Michael W., Peek, Joe & Rosengren, Eric.  Troubled   
            banks, impaired foreign direct investment: the role of      
            relative access to credit.  34p.                            
     7795   Kraay, Aart, et al.  Country portfolios.  61p.              
     7803   Lamont, Owen A. & Polk, Christopher.  Does diversification  
            destroy value?: evidence from industry shocks.  40p.        
     7819   Levinsohn, James & Petrin, Amil.  Estimating production     
            functions using inputs to control for unobservables.  54p.  
     7810   Lipsey, Robert E.  Interpreting developed countries' foreign
            direct investment.  44p.                                    
     7824   Mendoza, Enrique G.  On the benefits of dollarization when  
            stabilization policy is not credible and financial markets  
            are imperfect.  52p.                                        
     7817   Mincer, Jacob & Danninger, Stephan.  Technology,            
            unemployment, and inflation.  46p.                          
     7834   Moen, Jarle.  Is mobility of technical personnel a source of
            R & D spillovers?  36p.                                    
     7864   Obstfeld, Maurice & Rogoff, Kenneth.  DO we really need a   
            new international monetary compact?  38p.                  
     7836   Parsley, David C. & Wei, Shang-Jin.  Explaining the border  
            effect: the role of exchange rate variability, shipping     
            costs, and geography.  29p.                                 
     7865   Pavcnik, Nina.  Do pharmaceutical prices respond to         
            insurance?  38p.                                           
     7852   Pavcnik, Nina.  Trade liberalization, exit, and productivity
            improvements: evidence from Chilean plants.  64p.           
     7846   Pavcnik, Nina.  What explains skill upgrading in less       
            developed countries?  45p.                                 
     7811   Poterba, James M. & Weisbenner, Scott.  The distributional  
            burden of taxing estates and urealized capital gains at the 
            time of death.  39p.                                        
     7815   Prendergast, Canice.  The tenous tradeoff between risk and  
            incentives.  31p.                                           
     7872   Rose, Andrew K. & Engel, Charles.  Currency unions and      
            international integration.  38p.                            
     7842   Rose, Nancy L. & Wolfram, Catherine.  Regulating executive  
            pay: using the tax code to influence CEO compensation.  47p.
     7808   Shin, Hyun-Han & Stulz, Rene M.  Firm value, risk, and      
            growth opportunities.  35p.                                 
     7876   Stern, Scott, Porter, Michael E. & Furman, Jeffrey L.  The  
            determinants of national innovative capacity.  56p.         
     7882   Venti, Steven F. & Wise, David A.  Aging and housing equity.
             46p.                                                       
     7853   Woodford, Michael.  Monetary policy in a world without      
            money.  45p.                                                
     7856   Young, Alwyn.  Gold into base metals: productivity growth in
            the People's Republic of China during the reform period.    
            66p.                                                        
     7828   Young, Alwyn.  The razor's edge: distortions and incremental
            reform in the People's Republic of China.  57p.             

     UNIVERSITY OF PENNSYLVANIA.  Center for Analytic Research in Econ. 

     2000-13 Adams, F. Gerard & Shachmurove, Yochanan.  The effects of   
            the East Asian crisis on the region's energy consumption.   
            16p.                                                        
     2000-10 Cole, Harold L., Mailath, George J. & Postlewaite, Andrew.  
            Efficienct non-contractible investments in a finite economy.
             28p.                                                       
     2000-8 Davila, Julio.  Reducing overlapping generations economies  
            to finite economies.  29p.                                  
     2000-9 Davila, Julio.  Time and uncertainty in overlapping         
            generations economies.  26p.                                

     UNIVERSITAT POMPEU FABRA.  Economics Working Papers.               

     319    Marcet, Albert & Singleton, Kenneth J.  Equilibrium asset   
            prices and savings of heterogeneous agents in the presence  
            of incomplete markets and portfolio constraints.  35p.      
     320    Rodriguez-Mendizabal, Hugo.  The variability of money       
            velocity in a generalized cash-in-advance model.  51p.      

     UNIVERSIDADE CATOLICA PORTUGUESA.  Departamento de Economia.       

     103    Sholten, Marc.  The psychophysics of time and money in      
            intertemporal choice.  37p.                                 

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     444    Galdon-Sanchez, Jose E. & Guell, Maia.  Let's go to court!: 
            firing costs and dismissal conflicts.  47p.                 
     443    Guell, Maia.  The effects of fixed-term contracts on the    
            duration distribution of unemployment: the Spanish case.    
            33p.                                                        
     445    Lubotsky, Darren.  Chutes or ladders?: a longitudinal       
            analysis of immigrant earnings.  38p.                       

     PURDUE UNIVERSITY.  Inst. for Research in Behav, Econ & Mgmt Sci.  

     1136   Folta, Timothy B. & Janney, Jay J.  Signalling for resource 
            acquisition: private equity placements by technology firms. 
            59p.                                                        

     UNIVERSITA DI ROMA.  Centro Interdipartimentale di Economia Int'l. 

     59     Chapman, Sheila A. & Mulino, Marcella.  Explaining Russia's 
            currency and financial crises.  36p.                        

     UNIVERSITY OF SAARLAND.  Department of Economics.                  

     2000-1 Breit, Joachim & Schmidt, Gunter.  Two-machine openshop     
            scheduling with an availability constraint.  20p.           

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     2000-10 Andersson, Fredrik & Forslid, Rikard.  What we cannot learn 
            from the Irish experience: a fundamental asymmetry of       
            asymmetric shocks.  14p.                                    

     TEL-AVIV UNIVERSITY.  Eitan Berglas School of Economics.           

     16/2000 Anand, Bharat N. & Shachar, Ron.  Brands, information, and  
            loyalty.  34p.                                              
     14/2000 Bar-GIll, Oren & Harel, Alon.  Crime rates and expected     
            sanctions: the economics of deterrence revisited.  29p.     
     15/2000 Bar-Gill, Oren.  The success and survival of cautious       
            optimism: an evolutionary analysis of pre trial settlement  
            negotiations.  29p.                                         
     13/2000 Dekel, Eddie & Wolinsky, Asher.  Rationalizable outcomes of 
            large independent private-value first-price discrete        
            auctions.  8p.                                              
     12/2000 Goettler, Ronald & Shachar, Ron.  An empirical analysis of  
            spatial competition.  49p.                                  
     17/2000 Huberman, Gur & Rubinstein, Ariel.  Correct belief, wrong   
            action and a puzzling gender difference.  13p.              

     UNIVERSITY OF TOKYO. Ctr. for Int'l. Research on the Japanese Econ.

     85     Chang, Yoosoon.  Nonlinear IV unit root tests in panels with
            cross-sectional dependency.  31p.                           
     81     Chen, Jin, Fujimoto, Takahiro & Lee, Chunli.  The advance to
            car production and globalization of the Chinese munitions   
            enterprises.  19p.                                          
     80     Fukuda, Shin-ichi & Cong, Ji.  Long term loans and          
            investment in Japan: an empirical analysis based on the     
            panel data of Japanese firms.  17p.                         
     83     Ihori, Toshihiro, Doi, Takero & Kondo, Hiroki.  Japanese    
            fiscal reform: fiscal reconstruction and fiscal policy.     
            36p.                                                        
     84     Matsushima, Hitoshi.  The folk theorem with private         
            monitoring and uniform sustainability.  51p.                
     87     Miwa, Yoshiro & Ramseyer, J. Mark.  Banks and economic      
            growth: implications from Japanese history.  41p.           
     82     Obinata, Takashi.  Choice of pension discount rate in       
            financial accounting and stock prices.  52p.                
     86     Park, Joon Y.  Nonstationary nonlinear heteroskedasticity:  
            an alternative to ARCH.  34p.                               
     79     Tabuchi, Takatoshi & Zeng, Dao-Zhi.  Stability of spatial   
            equilibrium.  28p.                                          

     UNIVERSITY OF WESTERN ONTARIO.  Department of Economics.           

     2000-3 Erosa, Andres.  Financial intermediation and occupational   
            choice in development.  47p.                                
     2000-1 Erosa, Andres & Ventura, Gustavo.  On inflation as a        
            regressive consumption tax.  42p.                           
     2000-2 Laidler, David.  Highlights of the Bullionist controversy.  
            31p.                                                        

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